2024-2025 New FAFSA Frequently Asked Questions
Application Process
The Federal Student Aid Identification (FSA ID) serves as a secure, electronic signature that provides access to the FREE Application for Federal Student Aid (FAFSA) as well as other systems accessible in , such as a student’s borrowing history. Each contributor of information to the FAFSA will need an FSA ID, which can be created by selecting Create Account at .
Starting in December 2023, parents will be able to get an FSA ID (account username and password) without having an Social Security number to access and complete their section of the 2024–25 FAFSA form. This feature is scheduled to be released during the 2024-2025 FAFSA launch at .
Degree-seeking students are eligible to apply for financial aid. U.S. citizens, permanent residents and eligible non-citizens can use the . Undocumented undergraduate students can use the .
A contributor is anyone who provides information to the FAFSA. This includes the student, parent and spouse. Each contributor needs an FSA ID or FAFSA account. Each contributor providing income information needs to provide consent for the IRS to perform a direct data exchange to the FAFSA. Without consent to exchange federal tax income, there is no eligibility for federal student aid. When a contributor accepts an invitation to be a contributor and provides consent for federal tax income, it does not obligate them to pay.
A dependent undergraduate student can still submit a FAFSA without parent information when there are unusual circumstances such as the student having no contact with the parent. In the instance the student has contact with the parent and the parent declines the invitation, the dependent student can submit the FAFSA and eligibility is limited to unsubsidized Federal Direct Loans.
Yes. Non-tax filers can complete the FAFSA or Alternative Application. Remember that all contributors need an FSA ID as well as a consent for IRS direct data exchange. The IRS will confirm the non-tax filing status so that the application can be processed. Any wages earned – but not filed with IRS – will need to be entered manually into the application.
Student Aid Index
The Student Aid Index (SAI) is an output calculation from FAFSA data and provides the University with eligibility for federal and state assistance such as Federal Pell and the Illinois Monetary Award Program. FAFSA data comes from contributors and the IRS direct data exchange. The lowest the SAI can be is -1500.
No. An institution may use professional judgment to adjust FAFSA data elements, but the Department’s Federal Processing System (FPS) will never assign an SAI of less than -1500.
Starting with the 2024-25 FAFSA, U.S. citizens and permanent residents who had foreign income exempt from taxation (i.e., a foreign earned income exclusion) will be required to manually report the untaxed exclusion amount on their FAFSA form. [See SAI-Q6 for additional instructions] For any person who filed a foreign tax return, there is no change to how to treat and convert amounts to U.S. dollars on the FAFSA.
Are such applicants required to manually provide income and tax information on the FAFSA form?
Yes. There are circumstances when an applicant’s FTI does not accurately represent the applicant’s financial situation, including cases where an individual’s marital status has changed since filing taxes two years prior. In these circumstances, the applicant and/or one of their FAFSA contributors may need to enter data on the FAFSA manually.
No. Contributors with untaxed IRA and/or pension distribution amounts reported on their federal tax return will still need to provide the amount of any rollovers included in that untaxed amount on the FAFSA form.
Awarding Other Financial Aid
Yes. The University recommends all degree-seeking students who wish to receive financial aid apply with the FAFSA or Alternative Application. Next, we recommend you apply for institutional and private scholarships to keep loan indebtedness to a minimum.
Thanks for submitting your FAFSA in January! Unfortunately, with many of the changes to the FAFSA and the data matches required from multiple government agencies, the University is scheduled to receive FAFSA data at end of January 2024. This means financial aid requirements and financial aid awards in NEIUport, My Financial Aid tab will be delayed until the first two weeks of February, hopefully not longer.
Pell Grant awards in 2024-25 will be determined by using the appropriate Pell Grant formula, enrollment intensity, cost of attendance and student aid index. The Federal Pell Grant is never adjusted to account for other forms of aid. When awarding aid from the other Title IV programs, cost of attendance cannot be exceeded.
Financial aid programs are intended to assist students with costs associated with degree seeking enrollment. Cost of attendance consists of direct and indirect costs. Direct costs are expenses students will incur to be successful in the classroom including tuition, fees, books and supplies. Indirect costs are expenses students may or may not incur and are not billable, such as transportation and living expenses. Note: For NEIU students planning to reside in The Nest, living expenses is a direct, billable cost.
Pell Grant Calculation
Yes. There is a tool to see how much federal student aid you may be eligible for in the 2024–25 award year. Note: estimates the Student Aid Index (SAI) for the 2024–25 award year.
For the 2024-2025 FAFSA you will use 2022 income.